Uniswap price analysis: UNI faces rejection at the $5.41 mark as bears hinder the bullish momentum

The Uniswap price analysis is showing bears are in the lead today. As the market opened up, bears started gaining strength and took the price down to the $5 range, where recently UNI found support and bulls are trying to take charge.

Timeline of Uniswap

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Uniswap is one of the largest decentralized exchanges with liquidity that dwarfs centralized exchanges such as Binance and Coinbase.

Uniswap price analysis recently shows a continuing downtrend as prices decline below $6.51. This move comes after a brief period of consolidation that saw prices testing the $7.00 level.

Uniswap's prominence in the DEX market is well known, with the DeFi protocol operating as the second biggest Decentralized exchange with over $7 billion locked on it.  While the TVL did take a hit earlier this week, Uniswap did not lose any more than $800 million while still maintaining its dominance behind Curve's $17 billion

Uniswap price analysis reveals that the market is currently following a massive downwards trend below the $7.4 mark and is likely to decline even further. UNI/USD had tremendous momentum the previous day, May 7, 2022, when the price went significantly from $7.5 to $7.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Data on DeFi Pulse showed decentralized exchange Uniswap to have a Total Locked Value of $7.04 billion, making it the fifth-largest decentralized protocol by TVL.

Uniswap price analysis for today reveals Uniswap (UNI) has seen a slight pullback from its all-time highs set earlier this week, with the token currently trading around $7.50.Uniswap prices are likely to test the $6.96 support level in the near term before potentially resuming their uptrend. The immediate support for UNI/USD pair is seen at.

Uniswap price analysis reveals that the market is currently following a massive downwards trend below the $7.4 mark and is likely to decline even further. UNI/USD had tremendous momentum the previous day, May 4, 2022, when the price went significantly from $6.9 to $7.9.

Uniswap price analysis recently shows a prevailing downtrend as the prices look to break below the $8.0 support level. The digital asset is presently changing hands at $8.22 after losing 5.47 percent of its value over the last 24-hours.

Uniswap seems to be making headway, not in recovering prices, but in falling to the lowest imaginable levels this month. As a result, investors who have been holding out hope are slowly realizing that they might have to lose their optimism soon.

Uniswap price analysis is bullish UNI prices are currently trading above the $8.2 level Support for UNI/USD prices is present at $8.0 The Uniswap price analysis reveals that Uniswap prices have been trading sideways over the past few days as bulls move above $8.2. The token has seen some selling pressure around this.